Norwest Bank Shipshewana in Shipshewana, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1994

Norwest Bank Shipshewana in Shipshewana, Indiana (IN)
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Norwest Bank Shipshewana - Overview

General
FDIC Certificate #: 14946
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Indiana, National Association (#13849)
Federal Reserve ID: 32841
Date Established: December 26, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 9361
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1935
Last Structure Change Effective Date: March 01, 1994
Last Structure Change Process Date: March 14, 1994
Last Data Update: March 14, 1994
Data Source Date: April 05, 2012
Location
Address: Main Street, Shipshewana, IN 46565
County: Lagrange
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $145.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$47Total assets
$145,387Cash and due from depository institutions
$4,227Interest-bearing balances
$0Securities
$19,906Federal funds sold & reverse repurchase agreements
$14,750Net loans & leases
$102,438Loan loss allowance
$3,685Trading account assets
$0Bank premises and fixed assets
$765Other real estate owned
$0Goodwill and other intangibles
$3,301Life insurance assets
$0All other assets
$0Total liabilities and capital
$145,387Total liabilities
$135,246Total deposits
$127,580Interest-bearing deposits
$109,643Deposits held in domestic offices
127580.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$5,787Trading liabilities
$0Other borrowed funds
$4Subordinated debt
$0All other liabilities
$1,875Total equity capital
$1,875Total bank equity capital
$10,141Perpetual preferred stock
$0Common stock
$1,625Surplus
$5,125Undivided profits
Memoranda
$3,391Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$8,027Income earned, not collected on loans
$970Earning assets
$137,094Long-term assets (5+ years)
$11,976Average Assets, year-to-date
$153,498Average Assets, quarterly
$145,912Volatile liabilities
$20,240Insider loans
$697FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,761Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,050Total risk weighted assets
$96,306Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$10,328Total interest expense
$5,762Net interest income
$4,566Provision for loan and lease losses
$4,247Total noninterest income
$646Fiduciary activities
$0Service charges on deposit accounts
$355Trading account gains & fees
-$1Additional noninterest income
$292Total noninterest expense
$3,601Salaries and employee benefits
$1,895Premises and equipment expense
$488Additional noninterest expense
$1,218Pre-tax net operating income
-$2,636Securities gains (losses)
$19Applicable income taxes
-$819Income before extraordinary items
-$1,798Extraordinary gains - net
-$153Net income attributable to bank
-$1,951Net charge-offs
$2,883Cash dividends
$2,150Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.18%Cost of funding earning assets
4.00%Net interest margin
3.17%Noninterest income to earning assets
0.45%Noninterest expense to earning assets
2.50%Net operating income to assets
-1.18%Return on assets (ROA)
-1.27%Pretax return on assets
-1.80%Return on equity (ROE)
-17.25%Retained earnings to average equity (YTD only)
-36.25%Net charge-offs to loans
2.42%Credit loss provision to net charge-offs
147.31%Efficiency ratio
69,091Assets per employee
3.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
-110.20%Loss allowance to loans
3.47%Loss allowance to noncurrent loans
45.91%Noncurrent assets plus other real estate owned to assets
5.52%Noncurrent loans to loans
7.56%Net loans and leases to deposits
80.29%Net loans and leases to core deposits
90.55%Equity capital to assets
6.98%Core capital (leverage) ratio
7.05%Tier 1 risk-based capital ratio
10.44%Total risk-based capital ratio
Memoranda
$12Average assets
$153,498Average earning assets
$11,312Average equity
$143,928Average loans

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